ORIONS Money Stocks

[matt24d]

The Company sold 1,356,187 units in the rights offering raising total gross proceeds of $13,561,870 before payment of the dealer-manager fee and other offering expenses.

In the continuing offering of up to 143,813 unsubscribed units, the Company is offering to sell these units, which were first offered to existing shareholders but were not subscribed for in the rights offering, to both current subscribers as well as all other public investors who have yet to subscribe. Each unit consists of one share of the Company's series 1 preferred stock, paying cumulative dividends at the rate of 10% of the purchase price per year, and two series 1 warrants, each to purchase one share of the Company's common stock at $6.31 per share for a period of five years after the issuance date. The purchase price for the units in the public offering remains at $10.00 per unit.